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Bitcoin Giant Strategy Records Q3 Profits of $2.8 Billion

Leading Bitcoin treasury Strategy (MSTR) generated 2.8billioninprofitsforitsthirdquarter,thecompanyannouncedThursdayaftermarketclose,asitcontinueditsaggressiveapproachtoBTCaccumulationdespitemorechallengingconditionsforcryptomarkets.Strategyreportednetincomeof2.8 billion in profits for its third quarter, the company announced Thursday after market close, as it continued its aggressive approach to BTC accumulation despite more challenging conditions for crypto markets. Strategy reported net income of 8.42 per common share on a diluted basis. MSTR shares were trading at about 262afterhours,amorethan3262 after hours, a more than 3% gain from its Thursday closing price above 257. The company's stock plunged more than 7% during tradi ...